Question: For the current year ($ in millions), Centipede Corp. had $140 in pretax accounting income. This included warranty expense of $7 and $20 in depreciation

For the current year ($ in millions), Centipede Corp. had $140 in pretax accounting income. This included warranty expense of $7 and $20 in depreciation expense. 6 million of warranty costs were incurred, and depreciation deductions in the tax return amounted to $43. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 25%? Multiple Choice 42.0 Million 26.6 Million oooo 24.1 Million 29.5 Million
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